Commercial Loan Specialist

WSFS Bank•Philadelphia, PA

1d•$45,250 - $74,339•Onsite

About The Position

The Commercial Loan Specialist supports Business Banking, Commercial Real Estate, Small Business, and Reverse Mortgage lending by performing a wide variety of maintenance to multiple systems. The Loan Servicing Specialist will manually establish all new Commercial, Construction, Small Business Loans and Lines of Credit on the FIS system, and use the nCino Sales Partner loan system to analyze legal documents and internal bank documents and create boarding data sheets and update data as necessary.

Requirements

Bachelor's degree or 4 years of banking experience in lieu of degree.
Previous banking experience is required.
Minimum of 2 years in loan accounting, investor reporting, commercial loan servicing or customer service experience.
Proficiency in Microsoft Office applications.
Must possess excellent oral and written communication skills.
WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.

Nice To Haves

Knowledge of accounting principles, general ledger balancing and financial fundamentals is preferred.
2 years of loan servicing environment is preferred.
Syndications experience preferred.
Previous experience with real estate loan documentation is preferred.

Responsibilities

Responsible for setting up customer records, loan accounts, commitments and notes in the IBS loan core system, as well as maintain and enter collateral and Tickler remarks for future loan changes and calls.
Responsible for setting up SBA, HMDA, CRA and Construction Interest Reserves, and will set up and maintain participations, letters of credit, flood insurance, ACH and autopay loan features.
Process renewals and other system and coding changes as needed.
Assist with payment, advance postings, and file management duties including filing trailing documents, fulfilling file requests.
Cross train in other functions to assist when needed.